Isle of Man Online Casino Licenses

The Isle of Man is quickly trying to capitalize on new opportunities for growth in the online gambling market. They recently introduced a new license under the existing Online Gambling Regulation Act 2011. According to this regulation, gaming operators can apply for the authority to offer B2B services to their business customers around the world which will broaden their business relationships. This introduction of this new type of online casino license will help cater to the needs of every model of gaming business, right from those who sell their platform capabilities to those who deal with direct customers. The cost of the license is reported to be 50,000 GBP per year with additional duty that will be levied on retained profit. This new kind of license is sure to make the Isle of Man a desired destination for gaming operators to gain licenses from and it will in turn improve the business in the Island.